Canada wildfire knocks out nearly 1.07 million bpd of crude capacityMay 10, 2016 - 10:02 AMT PanARMENIAN.Net - Oil producers and refiners braced on Monday, May 9 for a prolonged shutdown and possible supply constraints from Canada's vast oil sands region as nearly 1.07 million barrels per day of capacity remained offline with a destructive wildfire continuing into a second week, Reuters reports. Cooler and possibly wetter weather was set to help firefighters battling the massive blaze as Canadian officials got their first glimpse of the oil sands boomtown of Fort McMurray since the blaze erupted and saw a "heartbreaking" number of destroyed homes but a largely intact downtown business area. About half of the nation's oil sands capacity remained shut, according to Reuters calculations, as energy firms kept facilities closed as a precaution, forcing at least three major oil companies to warn they will not be able to meet all contracts for Canadian crude. Syncrude Canada Ltd will cut forecast May crude production volumes by some 35 percent, three trading sources familiar with the matter said on Monday. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |